PM alerts nation to brace for energy, gas, water crisis
ISLAMABAD: Prime Minister Yusuf Raza Gilani has said that the nation should be ready to face power, gas and water crises while the government is chalking out short and long-term strategies to overcome them. Addressing Achievement Awards ceremony here at Lahore Chamber of Commerce, the Prime Minister said the government will soon give a good [...]
CCP begins probe against sugar mills
KARACHI: Competitive Commission of Pakistan (CCP) kicked off investigations against sugar mills, Geo News reported Saturday. According to sources, the CCP aims to find out from these investigations how sugar mills owners determine the sugar price and that how far the sugar cost told by them is correct. Furthermore, the commission will take stock of [...]
KSE100-index end below 9000 points
KARACHI: Pakistani stocks ended nearly one percent lower on Thursday after gaining almost 3 percent the previous day as investors sold shares to book profits at higher levels, dealers said. The Karachi Stock Exchange’s (KSE) benchmark 100-share index closed or 88.79, or 0.98 percent, lower at 8,996.19 on turnover of 232.4 million shares. The KSE-index [...]
Oil prices rise on weak dollar
NEW YORK: Oil prices edged up Thursday amid a weakening dollar and falling crude inventories in the United States, the world’s largest oil-consuming nation. Market sentiment was also boosted by International Energy Agency forecasts of higher global oil demand and OPEC’s decision to maintain output quotas. New York’s main contract, light sweet crude for October [...]
Pakistan: Economic Scenario 2008-2009
The economic survey presided by Ministry of Finance showed unexpected results demonstrating poor performance as economy only grew by 2 percent in 2008-2009 which was forecasted to increase by 4.5 percent comparing it from last year growth of 4.1 percent.